Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,242 per ton, surging by 39% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; formic acids increased by +110.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 51% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,390 per ton), while the price for Germany ($874 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,802 per ton, with an increase of 52% against the previous year. In general, the export price saw a notable increase. The growth pace was the most rapid in 2019 an increase of 145% against the previous year. As a result, the export price attained the peak level of $4,511 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($2,776 per ton), while the average price for exports to Honduras ($943 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Guatemala totaled 3.2K tons in 2022, increasing by 14% on 2021 figures. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids skyrocketed to $4M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 139% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 247 | 250 | 642 | 1,553 | 84.6% |
| Germany | 4.5 | 44.7 | 272 | 294 | 302.8% |
| United States | 102 | 49.5 | 166 | 124 | 6.7% |
| Belgium | 18.1 | N/A | 102 | N/A | 137.4% |
| Panama | 282 | 138 | N/A | N/A | -51.1% |
| Mexico | 12.8 | 28.8 | 60.6 | N/A | 117.6% |
| Others | 668 | 530 | 1,245 | 1,980 | 43.6% |
| Total | 1,334 | 1,042 | 2,488 | 3,952 | 43.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Guatemala in 2022:
- China (1117.8 tons)
- Germany (336.7 tons)
- United States (135.4 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -23.8% to 65 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 3,325%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $118K in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,062%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | N/A | 2.9 | 4.4 | 27.4 | 207.4% |
| El Salvador | 1.3 | 2.8 | 21.7 | 13.2 | 116.5% |
| Nicaragua | N/A | 16.3 | 23.9 | 8.6 | -27.4% |
| Honduras | 0.4 | 5.5 | 0.5 | 7.7 | 168.0% |
| Others | 3.1 | 29.0 | 51.3 | 61.1 | 170.1% |
| Total | 4.9 | 56.6 | 102 | 118 | 188.8% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Guatemala in 2022:
- Costa Rica (16.5 tons)
- Honduras (8.1 tons)
- Nicaragua (5.0 tons)
- El Salvador (4.7 tons)
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